[NIGERIA] STRATEGIES TO SPLIT UP DELAYED OIL INDUSTRY BILL [PIB]

Nigeria looks set to unbundle a long-awaited oil law to speed up its passage through parliament, potentially unlocking billions of dollars in frozen investments.

The Petroleum Industry Bill (PIB) has been gathering dust since 2008 because of disagreements between the government and global oil majors over its terms.

The new head of the Nigerian National Petroleum Corporation (NNPC) Emmanuel Kachikwu, who is likely to become junior oil minister, said recently the delay was hurting the economy……READ MORE